If you hold stocks in insurance and banking and listen to these dumb reporters on tv, it could lead you astray in re: to the hurricanes.

I just heard a guy on CNBC suggesting banks in the affected areas could go out of business because people who hold mortgages might not have home insurance. You can't have a mortgage, unless you have an active insurance policy and if you default on payments, the bank is immediately notified and your mortgage is canceled.

In hurricane areas, regular homeowners' insurance doesn't cover damage for wind or flooding. Here in NC, we are required to carry two additional policies, one for wind damage and one for flood damage. It wouldn't affect other people's rates for regular homeowner's insurance or the companies who write them, because our regular policies don't cover storm damage, in any way.